profit and loss Model Questions & Answers, Practice Test for ibps clerk prelims

Answer: (a)

Suppose he invested Rs. 16 × 12.

Then, CP of 1 article = Rs. ${16 × 12}/16$ = Rs. 12

and SP of 1 article = Rs. ${16 × 12}/12$ = Rs. 16

% profit = ${16 - 12}/12 × 100 = 100/3 = 33{1}/3%$

Answer: (a)

Selling price of 5 apples = Rs. 42.50

Selling price of 60 apples = $42.5/5 × 60$ = 510

C.P + Profit = S.P

C.P + $20/100$ × C.P = 510

C.P. = $510/120 × 100$ = Rs. 425

Answer: (c)

Total profit = 337.50 + 1125.00 + 675 = Rs. 2137.50

Percentage profit = $2137.50/114000 × 100 = 1.8%$

Answer: (a)

8 C.P = 6 S.P

S.P = $8/6$ C.P = $4/3$ C.P

gain % = ${4/3 C.P. - C.P.}/{C.P.} × 100 = 33{1}/3%$

Answer: (a)

Let Rs. 100 be the cost price for A.

S.P. for A = 100 + 20% of 100 = 120

S.P. for B = 120 – 15% of 120 = 102

Profit % = ${102 - 100}/100$ × 100 = 2%